Electronic Money (e-money)
Electronic money is a digital store of a medium of exchange on a computerized device. E-money can be used for payment transactions, with or without bank accounts. The great advantage of course is a cashless payment system that makes money transfers of any size quick and easy.
ACH Credit vs ACH Debit
Is ACH Credit or ACH Debit Right for Your Business? ACH debits and credits are a convenient way of sending and receiving payments. They often provide advantages over other payment systems
Wepay vs Stripe
Stripe offers a large selection of online and point-of-sale payment solutions, while WePay’s products and services are more limited in scope and mostly targeted towards online payments; although the company has recently rolled out POS support.
Multilateral Netting
With a netting system, treasury is also able to see which organizations are struggling financially, and to supply liquidity if a payer needs an influx of cash. With such supervision, intercompany transactions are less likely to experience problems.
Accounts Payable Software Small Business
When a small business adds accounts payable software to the back office, it gains the ability to automate legacy accounting systems. In addition to robust payable solutions, small businesses can also improve cash flow and tighten up accounts receivable.
ACH Verification Process
There are multiple verification options to make sure an ACH payment is genuine. The common thread running them all of them is to confirm the account information with the financial institution that holds the account.
Payment Gateway Software
Before the Internet, a brick-and-mortar store needed just a merchant account to process payments. But with an online space, a business needs a virtual payment solution. This need is filled by payment gateway software.